Tag AMZN
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) jumped 5.8% in the afternoon session after Amazon announced robust demand for its Trainium processors, which are manufactured by Marvell. The update came from Amazon CEO Andy Jassy, who highlighted an impressive 150% quarter-over-quarter growth for the Trainium2 chip. This rapid expansion turned the processor line into a multibillion-dollar business for Amazon. As the manufacturer of these specialized chips, the strong demand...
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Amazon easing fears of an AI bubble by delivering robust cloud growth. TD Cowen Senior Equity Research Analyst John Blackledge breaks down the report with Dani Burger and Matt Miller on "Bloomberg Open Interest."...
Continue ReadingAWS continues to see strong demand as companies gobble up its cloud infrastructure services in the age of AI...
Continue ReadingAmazon.com's (AMZN) cloud computing division is positioned for faster growth ahead amid planned capa...
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The benchmark is poised to notch its sixth-straight month of gains after soaring nearly 40% from its April nadir in one of the fastest recoveries in stock market history. Amazon shares surged after its cloud unit posted the strongest growth rate in almost three years. Apple projected a jump in sales over the holiday season after releasing new iPhones, helping to assure investors that its flagship product remains a growth engine...
Continue ReadingAmazon stock upgraded to 'Buy' as AWS growth surges, reinforcing its cloud dominance. Click here to know why AMZN remains a strong long-term investment...
Continue ReadingThe housing market still has plenty of pain left to feel. Discover why home prices may fall soon despite stock market highs...
Continue ReadingHighly divided Fed meeting. Big tech earnings, layoff concerns...
Continue ReadingiPhone maker Apple and cloud-computing and online retailing giant Amazon post better-than-expected earnings...
Continue ReadingUS stock futures (ES=F, NQ=F, YM=F) are rising in Friday's pre-market trading, after a busy earnings week from Big Tech. Amazon (AMZN) shares are seeing gains of over 13% this morning after outpacing third quarter earnings and revenue estimates, bolstered by growth in its AWS (Amazon Web Services) cloud business. Apple (AAPL) stock is getting a slight lift as it forecasts strong holiday sales, as the iPhone maker also blew past Wall Street expectations for its fiscal fourth quarter. Exxon Mobil (XOM) stock ticks lower while Chevron's (CVX) moves higher after the oil producers reported their respective quarterly results. To watch more expert insights and analysis on the latest market action, check out more Morning Brief...
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